Dateline Resources : 56g/t Au & 384g/t Ag at Gold Links

ASX Release

25 November 2021

DATELINE RESOURCES
LIMITED
only
(ACN 149 105 653)
ASX Code: DTR
CAPITAL STRUCTURE
Share Price (24/11/21) $0.082
Shares on issue	438 million
Mark t Cap	$35.9 million
MAJOR SHAREHOLDERS
So thern Cross Exploration NL	21.8%
useMr. Mark Johnson AO		19.8%
National Nominees Ltd	11.9%
personal		5.9%
Stephen Baghdadi
DIRECTORS &
MANAGEMENT
Mark Joh son AO
Chairman
Stephen Baghdadi
Managing Director
Greg Hall
Non-Executive Director
Tony Fe guson
Non-Executive Director
Bill Lann n
Non-Ex cutive Director
Mark Ohlsson
Com any Secretary
CONTACT
For
Ma k Ohlsson
Ph ne: [phone]
P stal Address: P.O. Box 553
S uth Hurstville NSW 2221

Email: inf @datelineresources.com.au

56g/t gold and 384g/t silver

intersected at Gold Links

Highlights

• High-gradegold intersections up to 56.74g/t gold and 384g/t silver intersected at Gold Links as part of the underground drilling program
• Significant intersections include:

1. CRG21-027:1.6m @ 29.2g/t Au & 197g/t Ag inc. 0.6m @ 56.74g/t Au and 384g/t Ag

1. CRG21-025:1.2m @ 13.92g/t Au & 27g/t Ag and 1.4m @ 5.53g/t Au & 9g/t Ag

• 1. CRG21-026: 0.8m @ 15.74g/t Au & 106g/t Ag
• Results are in line with grade and width expectations for the 2150 vein

Dateline Resources Limited (ASX: DTR) (Dateline or the Company) is pleased to announce high-gradegold intersections returned from its 4,000-metreunderground drilling program at the Gold Links Gold Project, located in Gunnison County, Colorado:

Commenting on the results, Dateline's Managing Director, Stephen Baghdadi, said:

"The Gold Links project is a high-grademulti-vein gold system. These results are in line with our expectations and support the case that significant high-grade mineralisation continues below the old workings".

To date, the best assay results have been achieved when we have drilled into the sediments and below the old workings, this will remain the case as we head north in the decline.

Intersection Details

The current phase of the underground drilling program is aimed at extending a known mineralised zone which was drilled between 1975 and 1985. The Company has so far completed eight out of a planned 10 holes from this drill station. Results for three of the holes have been returned and five remain outstanding

Figure 1 - Schematic showing new drill holes into the 2150 vein in green. Scale is in feet

ASX Release 25 November 2021

CRG21-025 contained two intersections approximately 7 metres apart and graded 13.92g/t Au and 27g/t Ag over 1.2 metres in the first section and 1.4 metres at 5.53g/t Au and 9g/t Ag in the second section. This hole was designed to test further into the hangingwall and in between intercepts from CRG21-004 and CRG21-006, which assayed 9.7g/t Au and 17.95g/t Au respectively as disclosed in the September 2021 Quarterly report.

onlyCRG21-027 returned an assay result of 1.6 metres at 29.2g/t Au and 197g/t Ag. This hole was designed to confirm three historical high-grade intercepts.

CRG21-026 returned an assay result of 0.8m at @15.74g/t Au and 106g/t Ag. This hole was designed to target approximately 50 feet (15.2 metres) south of CRG21-027 and test the strike to the south of the known mineralised envelope.

Further details on the drilling and assay methodology can be found in Table 1 at the end of this report.

Underground Development Progress

useAs noted above, the drilling program requires the development of 1,000m of underground development. The d v lopment will be used as a haulage route and for underground exploration. To date, 700 metres of development has been completed, or approximately 70% of the planned program.

Following the initial preparation works required to commence development, the weekly development rate is progressing in line with forecast. The Company anticipates completion of the current underground development program before the end of 2021.

Importantly, the development is approximately 80 metres away from completion of a second escapeway, expected to personalbe completed in mid-December. The completion of the second escapeway is an important milestone for the Company s it allows for alternative access when the Company commits to mining and stoping activities as part of the planned

tr nsition to production. For

Figure 2 - Long section view of ore zones annotated - Gold Links Project scale is in feet

ASX Release 25 November 2021

Production Strategy

The current program of underground development and drilling has been designed to support the Company's plans to commence commercial production from Gold Links in the near term. The information being gathered, and the

infrastructure being established will allow the Company to transition from developer to producer with minimal
additional capital expenditure.
The Company anticipates the decision to commit to production will be made before the end of 2021.
useonly
personal	Figure 2: Schematic view of underground development progress
This announcement has been authorised for release on ASX by the Company's Board of Directors.
F r more information, please contact:
Stephen Baghdadi
Managing Director
For
[phone]
www.datelineresources.com.au
Follow Dateline on Twitter:	https://twitter.com/Dateline_DTR

ASX Release 25 November 2021

About Dateline Resources Limited

Dateline Resources Limited (ASX: DTR) is an Australian publicly listed company focused on gold mining and exploration in North America. The Company owns 100% of the Gold Links and Green Mountain Projects in

onlyColorado, USA and has an agreement to acquire 100% of the Colosseum Gold Mine in California.

The Gold Links Gold Mine is a historic high-grade gold mining project where over 150,000 ounces of gold was mi ed from high-grade veins. Mineralisation can be traced on surface and underground for almost 6km from the Northern to the Southern sections of the project. The Company aims to delineate sufficient Mineral Resources to c mmence a small high-grade,low-cost operation by the end of 2021.

The Company owns the Lucky Strike gold mill, located 50km from the Gold Links mine, within the Green Mountain Project. It is proposed that ore from Gold Links would be transported to Lucky Strike for processing.

useThe Colosseum Gold Mine is located in the Walker Lane Trend in East San Bernardino County, California and produced approximately 344,000 ounces of gold (see ASX release 15 March 2021). Significant potential remains for extension to mineralization at depth.

Competent Person Statement

Sample preparation and any exploration information in this announcement is based upon work reviewed personalby Mr Greg Hall who is a Chartered Professional of the Australasian Institute of Mining and Metallurgy (CP-IMM). Mr Hall has sufficient experience that is relevant to the style of mineralisation and type of

deposit under consideration and to the activity which he is undertaking to quality as a Competent Person as defined in the 2012 Edition of the "Australasian Code for Reporting Exploration Results, Mineral Res urces and Ore Reserves" (JORC Code). Mr Hall is a Non-Executive Director of Dateline Resources Limited and consents to the inclusion in the report of the matters based on this information in the form and context in which it appears.

For

ASX Release 25 November 2021

Drill-hole table (for drill holes with greater than 0.2g/t Au)

For personal use only

	Sample_ID			Hole_ID			Drill			From			To (m)			Length			Au ppm			Ag ppm
					Type			(m)					(m)
326245			CRG21-003		Core	33.4		33.7		0.3		0.21		3.49
326246			CRG21-003		Core	33.7		33.9		0.2		2.57		38.30
326247			CRG21-003		Core	33.9		34.0		0.2		1.03		8.20
326248			CRG21-003		Core	34.0		34.4		0.4		0.89		10.80
	E255055		CRG21-004		Core	17.2		17.8		0.6		15.20		60.70
	E255056		CRG21-004		Core	17.8		19.4		1.6		7.73		77.90
	E255058		CRG21-004		Core	19.4		10.7		-8.7		0.31		3.86
	E255061		CRG21-004		Core	21.1		21.5		0.4		0.29		1.95
326229			CRG21-006		Core	21.8		22.3		0.5		17.95		49.60
	E255081		CRG21-007		Core	5.9		6.1		0.2		0.80		5.13
	E255084		CRG21-007		Core	6.6		7.0		0.5		0.38		17.80
	E255087		CRG21-007		Core	9.0		9.5		0.6		0.41		5.48
	E255088		CRG21-007		Core	9.5		10.2		0.7		0.37		4.21
	E255089		CRG21-007		Core	10.2		10.5		0.3		0.41		3.65
	E255097		CRG21-013		Core	32.6		32.8		0.2		0.41		7.51
	E255099		CRG21-014		Core	29.0		30.5		1.5		0.37		2.50
	E255100		CRG21-014		Core	30.5		32.2		1.7		0.22		9.30
	E255105		CRG21-014		Core	55.4		55.8		0.4		0.25		3.49
	E255114		CRG21-016		Core	18.3		18.4		0.1		0.30		1.81
	E255115		CRG21-016		Core	18.4		18.7		0.3		0.60		4.51
	E255130		CRG21-014a		Core	29.0		29.3		0.2		0.30		2.40
	E255132		CRG21-014a		Core	29.6		30.1		0.5		2.33		14.40
	E255133		CRG21-014a		Core	30.1		30.8		0.7		0.40		13.30
	E255144		CRG21-017		Core	20.8		21.2		0.4		1.32		6.36
	E255145		CRG21-017		Core	21.2		21.9		0.7		0.72		14.70
	E255148		CRG21-017		Core	23.9		24.4		0.5		0.73		2.59
	E255176		CRG21-025		Core	17.2		17.7		0.6		0.44		9.56
	E255177		CRG21-025		Core	17.7		19.1		1.4		5.53		9.09
	E255179		CRG21-025		Core	21.3		21.9		0.6		0.20		8.19
	E255182		CRG21-025		Core	25.3		26.2		0.9		14.71		23.70
	E255183		CRG21-025		Core	26.2		26.5		0.4		11.54		35.10
	E255209		CRG21-026		Core	53.2		53.7		0.5		0.33		0.86
	E255215		CRG21-026		Core	56.4		57.2		0.8		15.74		106.29
	E255219		CRG21-026		Core	57.8		58.2		0.4		0.68		3.43
	E255226		CRG21-027		Core	58.3		58.7		0.4		2.07		4.11
	E255232		CRG21-027		Core	63.3		64.0		0.7		0.29		25.37
	E255234		CRG21-027		Core	64.0		64.6		0.6		56.74		383.66
	E255236		CRG21-027		Core	64.6		64.9		0.3		1.47		35.32
	E255237		CRG21-027		Core	64.9		65.1		0.3		33.19		228.35
	E255239		CRG21-027		Core	65.1		65.6		0.5		8.61		39.09